Gelonghui, April 24 | Guolian Securities Research Report pointed out that Zijin Mining (601899.SH)'s Q1 performance exceeded expectations, and the volume and price of the mineral copper and gold rose sharply. Referring to comparable company valuations, the company was given 20 times PE in 2024, with a target price of 20.25 yuan, maintaining a “buy” rating. Increased production expansion of the company's core copper mines such as the Kamoa Copper Mine in the Democratic Republic of the Congo (DRC), the Tibet Julong Copper Mine, and the Serbian Pegi Copper and Gold Mine will provide strong support for the annual production target. In terms of gold, the 2024Q1 Rosebel gold mine will produce 2 tons of gold, and the annual gold production will be 10 tons after technical transformation; Buritika gold mine will produce 2.2 tons of gold, and the planned mineral gold will be 8.6 tons for the whole year. The company is a global mining giant. Top resources and production capacity allocation will help the company's production climb rapidly, and mineral gold and copper production is expected to reach a high level and advance further.